Clifton, NJ

Most people are familiar with the term short sale by now. Well, Not all because I have seen some realtors who does not know what they are yet. I kind wish i was one of them sometimes! That means they didnt deal with any short sale. :) I think most realtor would agree with me that short sales are a pain in the neck! There are homeowners who are trying to modify their loan, but do not qualify for it. In my Opinion, their next best option might be short sale. Of course, this is case by case. I am sure an bankruptcy attorney somewhere there will disagree with me.

Some benefits of a short sale

· You are in control of the sale, not the bank.

· You may sleep better at night knowing who is buying your home.

· No social stigma of the "F" word, (foreclosure)

· If multiple unit property, you might stay paying rent to the new owner

· Your home sale will be handled like any other home sale.

· All lenders report short sales differently and some do not report them to the credit bureaus at all, but most of the time, short sale will show as SETTLE on your credit report

· Judgments are often negotiated between the seller (realtor) and the short sale bank

· You might or might not be issue a 1099 on the defficiency (you dont have to pay tax on your primary home)

· LESS COSTLY

· You could buy a house after 2 years according to HUD

· Your credit score starts raising after you sale (settle the debt)

· BEST of All, You will have Peace Of Mind (POM POM)! STRESS FREE and You wont be paying for a Under Value Property

Disadvantages

Comparing to Foreclosure the disadvantage is minimum

· Yur credit score drops, this is because you were late

· You wont have your house

· Might have to pay taxes on a secondary home or investment home

Anything else you could add! Please comment on it!

If I can be of any help, Please let me know as well!

For those that think the only "family" in New Jersey is The Sopranos think again....

The Godfather, Don Corleone's son in law, Carlo Rizzi [Gianni Russo] will be making an appearance for a meet and greet and performance at Buco Ristorante in Clifton, New Jersey on January 12, 2010.

Enjoy a five course dinner and wine pairing featuring Gianni Russo's wine collection at Buco's for $49.95 per person.

The owners of Buco Ristorante, The Bucco Family [no relation to Tony Soprano's longtime childhood friend "Artie" Bucco), were the former owners of Martha's Vineyard Ristorante which was located on Route 3 West in Clifton, New Jersey for 25 years, relocating to Buco Ristorante in December of 1998.

So make your reservations, bring your camera, your favorite Godfather memorabilia to be autographed and your appetitebecause the combination of Gianni Russo's wine collection and Buco's delicious food will indeed compliment one another. Meet and greet with Gianni starts at 7:00 p.m., with a performance at 8:30 p.m. Reservations are required and seating is limited.

For those of you not familiar with The Sopranos, The Sopranos is a production of HBO Original Programming portraying the modern day morality tale about fictional New Jersey mob boss Tony Soprano, as he deals with personal and professional issues in his home and business life. In the show, The Sopranos live at 633 Stag Trail Road, North Caldwell, New Jersey. In reality there is no Stag Trail Road located in North Caldwell, New Jersey however neighboring West Essex Community, Fairfield, New Jersey does have a street named Stag Trail. However, the house used in exterior shots of The Sopranos is actually located in North Caldwell, New Jersey.

The above picture is a photo I took of the actual North Caldwell home used for the exterior shots of The Sopranos. This North Caldwell, New Jersey home currently has an assessed value of over $1.6 million.

Looking to live among the rich and famous in the West Essex Community of The Borough of North Caldwell? Search North Caldwell, NJ homes for sale.

Maybe your just interested in a little New Jersey "whoopi" beyond the private gates of Llewellyn Park in West Orange, NJ. Search all West Orange, NJ homes for sale.

I may not be as famous as Tony Soprano or Whoopi Goldberg but you can certainly be my neighbor in Fairfield, New Jersey. Search Fairfield, NJ homes for sale.

Not interested in Essex County, how about living in neighboring Passaic County? Search Clifton, NJ homes for sale.

I'd like to see how other realtors are handling Loan modifications. In my state (NJ), We cannot legally charge for processing loan modifications therefore I have to refer to attorneys or those who are doing loan modifications for living. What I sometimes do is analyze the person's situation to see if the bank would consider them for Obama's help for homeowners program. Most of those who came to my office do not qualify. I have suggested them to do a short sale, but they refused because they believe somebody could still help them therefore they end going somewhere else where somebody tells them they can do it. At the end, they end up doing nothing for them and the homeowner ending with even less money they had. I have also seen homeowners who have been paying on time, no hardship, no change in their financial situation who stops paying hoping that their bank will reduce their payment because someone in the road told them or they determined themselves to take advantage of Obama's program. The result of this is that they are in a deeper hole where they cannot get out of it.

My Only recomendation to these homeowners is to BE CAREFULL and analyze your own situation.There are many companies that have been closed because they were found taking advantage of this homeowneres who are seeking help. Modifications can be done by the owner themselves. Another thing I do for these homeowners is to encourage to do it themselves and use me as a support.

Some other options are:

•· Repayment Plan

•· Forbearance

•· Loan Assumption

•· Short Sale (Pre Foreclosure Sale)

•· Deed in Lieu

•· Bankruptcy

Are you looking to buy or sell a new townhome in Cambridge Crossings in Clifton YOU CAN SEARCH HERE!

Priced properly with aggresive marketing any home can be under contract in 30 days or less, The Three Things Sellers Need Today Are, EXPOSURE, EXPOSURE, EXPOSURE, if your shopping for a discount broker and you have landed here please keep searching! if your looking to get your home sold for the most money and least amount of time YOU HAVE COME TO THE RIGHT PLACE!

Out of the many competetive advantages I have over most of the industry, only one advantage is most important to sellers. EXPOSURE. The question that we answer the most is "How are you going to market my home for sale?" Typically, a realtor has paper marketing (flyers and magazines), Multiple Listing Service (MLS), and word of mouth. You are currently looking at the biggest asset to a real estate company in today's new era of the industry. INTERNET MARKETING.

Statistically, 90% of prospective home buyers start their home search on the internet.

So if there are 20,000 total searches for homes for sale in Nutley, Belleville and Clifton NJ , normally I would receive nearly 10,000 unique visitors of those 20,000 which exposes all of my real estate and listings for sale more so than any other type of marketing.

Nearly 20% of my visitors come from another continent. If you don't think foreign nationals are buying Nutley, Belleville and Clifton NJ property, think again. It is happening frequently every single day. My website is simply a tool for anyone online to view Nutley, Belleville and Clifton NJ homes for sale, most importantly my very own listings. Of course, I do the typical paper marketing, MLS, and other exposure techniques, but using internet marketing in conjunction with a powerful Google, Yahoo & Bing-popular website, I can expose your property to tens of thousands of prospective buyers every month, not to mention I have a database of over 700 buyers that is constantly growing I create the most powerful sense of exposure you can get today.

Sellers looking for turn key realtor services, I would value an opportunity to earn your business. I will meet and you may interview me to any extent. If you believe there is a better person for the job of selling your home, there are no hard feelings. I would only wish you success. Let me show you what our competetive edge is over everyone else. Is it worth an hour to meet? Call Me Today at 973-846-0065 to find out how I am better.